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A new start for the Lisbon Strategy
Executive summary
 3.3.1. Increase and improve investment in
Research and Development
 3.3.2. Facilitate innovation, the uptake of ICT
and the sustainable use of resources
 3.3.3. Contribute to a strong European industrial
base
 3.4. Creating more and better jobs
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1) What does executive summary mean?
An Executive Summary may consist of 1-10
pages and should include at least a first degree
of attention to key matters as business concept,
financing needs, marketing plan and financial
statements, especially cash flow, income
projection and balance sheet. It can also be
useful as a valuable prelude to a full-length plan
later on.
2) What aspects does it deal with?
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Renewing Lisbon Strategy programme
Extending the single market
Expanding and improving European Infrastructure
Creating better and more competitive jobs
A renewed partnership for growth and jobs
Powering research and innovation
Facing social and cultural problems such as
unemployment and immigration
Developing professional qualification through better
education and skills
Eco-innovation
Powering the economic growth and increasing the
industrial output
3) What is the aim of the executive summary?
Its main function is to explain at the beginning
of the reading what the topics discussed in the
document are and to introduce the reader to
the general issue. A particular attention is given
to the changes operated on the Lisbon Strategy
program and on the synthesis of the next steps
for economy and social problems
(employment).
4) In which way the study of this text can be useful for
a student that is going to finish secondary school and
that must define his future?
Students that are going to find a job should
immediately understand that traditional
working methods does not suffice anymore:
now a new concept of co-operation is
necessary to organize an economy that
should also include knowledge, technical
skills and social cohesion.
3.3.1. Increase and improve investment in
Research and Development
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The EU still invests about a third less than the USA in R&D
(Research and Development). 80% of the gap is due to underinvestment from the private sector, notable in ICT (Information and
Communication Technologies). The EU is currently spending only
2% of GDP. We must achieve faster progress towards the EU
target of 3% of GDP for R&D expenditure.
MEETING THE 3% R&D TARGET
Progress towards the Lisbon target for EU research and development
spending is largely in the hands of Member States. In their national
Lisbon programmes, Member states should explain the steps which will
bring this target in reach.
A key building block should also be a co-ordinated European approach to
improve the tax environment for R&D. This will primarily be important
for the growth of high-tech small and medium sized enterprises
throughout the Union.
3.3.2. Facilitate innovation, the uptake of ICT
and the sustainable use of resources (1)
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Universities’ contribution to the creation and dissemination of knowledge
throughout the Union must be reinforced. In many ways, the existing
approaches to financing, governance and quality are proving inadequate to meet
the challenge of what has become a global market for academics, students and
knowledge itself.
In order to achieve greater synergies between research, structural and cohesion
funding, we should invest more in facilities for research and innovation, which
enable more regions to participate in EU level research activities.
INNOVATION POLES
At a regional and local level, we need a greater focus on establishing innovation
poles, bringing together high technology small and medium sized
enterprises, universities and the necessary business and financial support.
Member States should exploit the opportunities offered by EU regional and social
funds to support regional innovation strategies. In order to reinforce our
commitment to knowledge as a key to growth, the Commission proposes the
creation of a “European Institute of Technology” to act as a pole of attraction
for the very best minds, ideas and companies from around the World.
3.3.2. Facilitate innovation, the uptake of ICT
and the sustainable use of resources (2)
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Our innovation performance is crucially dependent on strengthening
investment and the use of new technologies, particularly ICTs, by both the
private and public sectors. Information and Communication technologies
provide the backbone for the knowledge economy.
Europe is helping with a new initiative - i2010: European Information Society
will stimulate the take-up of ICTs, to continue the eEurope agenda which the
Lisbon Strategy fostered.
Lasting success for the Union depends on addressing a range of resource and
environmental challenges which if left unchecked will act as a brake on future
growth. This goes to the heart of sustainable development.
ECO-INNOVATION
The Commission will step up its promotion of environmental technologies. It will
also take necessary steps to promote the development of approaches and
technologies that allow the EU to make the structural changes needed for long
term sustainability. There is significant potential for economic, environmental and
employment synergies from environmental technologies and energy efficiency.
3.3.3. Contribute to a strong European
industrial base
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Taking the lead internationally in the field of R&D and innovation creates a first
mover advantage which can be long-lasting, all the more so as technological
breakthroughs enable Europe to set international standards. In order to enhance
and sustain an economic and technological leadership Europe must have a
strong industrial capacity, particularly by exploiting fully its technological
potential.
The Galileo project and the aeronautics are powerful examples of a successful
pooling of European excellence – in both cases bringing significant benefits to the
European economy. The relaunch of the Lisbon Strategy should create the right
conditions for tapping this potential and facilitating the necessary structural
change whilst working externally to achieve open markets.
EUROPEAN TECHNOLOGY INITIATIVES
The objective is to tackle market failures and to advance concrete product or
service developments on the basis of those technologies that are not only
fundamental to Europe’s sustainable development model, but will also contribute
to industrial competitiveness.
3.4. Creating more and better jobs
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Ensuring prosperity and reducing the risks of social exclusion means
doing more to give people jobs and make sure they remain in work or
education throughout their lives.
In a context of rapid economic change and intense demographic ageing,
creating more and better jobs is not just a political ambition: it is an
economic and social necessity. Over the next 50 years Europe will face
an unprecedented demographic transition. The total working population
will decrease in absolute terms on current demographic trends. Apart
from the significant social changes this transition will bring about, it will
also put enormous pressure on our pension and social security systems
and, if left unchecked, drag down potential growth rates to a paltry 1%
per year.
Finally, the Commission will propose to revise the European
Employment Strategy in 2005 as an integral part of the new Lisbon
Strategy, building on the Lisbon Action Plan.
Thanks for your attention
CREDITS
Mossenta Davide